Worth selling $25,000 car that is not used often? Living and working in Melbourne CBD. Trying to get ahead.
After coming back from Europe to see family and friends it surprised me at how quite a large number of them didn't own cars. Or if they did own cars they are tiny little things (Toyota Aygo, Smart Cars, Fiat 500's etc etc).
Living and working in Melbourne CBD. I never drive a car to work. I don't even take public transport. So the car is sitting in the basement garage likely 6 days a week. Maybe used once every weekend to go do grocery shopping. And whenever there is family events on (they all live in Melbourne Suburbs or country Victoria).
If I sold the car privately on carsales we would get about ~$25,000. Which can go along way to a deposit, shares, etc etc. It just feels like a complete waste of money having an asset sitting in the basement carpark loosing money every day, while its not even being used 90% of the week.
What would the ozbargainer advice be for this? Considering family is out in country Victoria and suburbs needing access to a car is important to keep in contact with them.
- Grocery Shopping can be done online (delivery to home)
- Seeing family/friends we could use a carshare service (Flexicar, GreenCarShare, etc etc)
- Or simply down size to a smaller car?